Dedicated to dismantling the Ivory Tower and attempting, in some small way, to help revive the social science of economics.

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Thursday, February 14, 2008

(Over)confident Fed?

Sorry it's been a while since my last post - I've been busy (hey, it happens):Bernanke is very upbeat. I realize the necessity for Fed Chairs to not get too down on the economy they are helping to manage, but I think his positive feelings are'nt felt elsewhere: not with the business people I talk to, not to the news that I read, not to the consumers I know, and not apparently to Charles Schumer (D-NY):

"Aren't you underestimating, not giving enough attention to, the severity of the problem in the credit markets?" Wall Street executives "seem much more worried" about credit woes than Paulson and Bernanke.

Garth Brazelton

About Me

I work for the Indiana Economic Development Corporation as the Director of Operations and Business Systems, and I teach macroeconomics at Indiana University (Indianapolis). Previously, I was an Economist at the US DOT in Cambridge, MA. This blog does not represent the opinions of any of these organizations.